We have all seen the news reels of the D-Day invasion of Normandy which marked the beginning of the end of Hitler. The images of hundreds of boats full of Allied forces streaming toward the beach from dozens of ships. This was accompanied by soldiers parachuting behind the enemy lines which were being softened by air strikes. This was a masterful and strategic plan well executed.
The U.S. and its allies had a singular purpose—to get rid of Hitler and his regime. They worked in unison toward that national and international goal and reached success.
The Debt Ceiling Crisis is the D-Day of our time
Today, America, and in fact, the international community is faced with another crisis—the possibility of global economic collapse if the United States, the world’s largest economy, defaults on our debt. It would be like the French surrender and the British retreat in the early days of WWII except, there is no American force to save the day. We will be the ones who need bailed out by the likes of China. What a slap in the face to those who lost their lives defending us in World War II and other wars including the current ones we are engaged in.
Imagine if the D-Day invasion and the entire Allied effort was run by the current Congress. We would all be speaking German and saluting the Nazi Flag. There would not be a Jew left on earth. Churches would most likely be museums.
Congress should have a unified goal of averting default and averting the crisis. Instead of all boats heading toward shore, Congress has landing forces going north, south, east and west. The commander of each landing craft seems to have as his goal, his own popularity, campaign contributions, and re-election.
House Majority Leader Eric Cantor (R-VA) appears like he is trying to muscle his way into the Speakers chair and possibly the White House in 2016. He is leading his flotilla away from shore hopeing landing fails so he can later criticize. He is joined by the Republican Tea Party boats.
Speaker Boehner and his few boats were headed toward shore, then reversed course, and are now standing down, it appears. Senator Colburn is heading toward shore, but at a different landing spot than the rest.
Republican presidential candidates like Michelle Bachmann (RTP-MN) and others are still on the ships staging a mutiny saying that the invasion is a mistake, Hitler will die someday so why should we try to and defeat him. In fact, they deny Hitler even exists. They say Obama and Tim Geithner [Treasury Secretary} know he was created by tax and spend liberals.
The only boats headed toward shore other than the President’s are the boats in the Reid-McConnell flotilla [Senator Harry Reid Democratic Senate Leader and Republican leader Senator Mitch McConnell]. They are not headed for the same beach as the President, but at least they believe the landing is necessary and must be made at all costs.
Metaphors aside, days before the default deadline, Congress has no plan and no direction
House Republicans are not buying into the $4 trillion dollar debt reduction plan of the President, but rather are pushing their hastily drafted plan called Cut Cap and Balance. It would cut current spending, cap future spending, and pass a balanced budget amendment. This needs a two thirds majority in both Houses, the signature of the President, and ratification of 3/4th of the states. We have 13 days.
That sounds good on paper, but it is not going to happen. If it did, it would immediately cost 700,000 more Americans their jobs. Many of its promoters have reservations that it would work. They think it should be done to mess with Obama now, and fix it later when they [GOP TEA] control all branches of government like they did under George W. Bush.
Senators Reid and McConnell are pushing a back-up plan to allow the debt ceiling to be raised three times between now and the 2012 election. This would solve the crisis but kick the debt can down the road.
Some Senators are trying to get $1.5 million in cuts added to the Reid-McConnell bill so they can tell their constituents they cut the debt. Senator Tom Colburn (R-OK) released his own plan to double down on President Obama’s grand bargain raising Obama’s $4 trillion in cuts to $9 trillion. Neither of these has the votes either.
So what is likely to happen? It is anyone’s guess. Odds are nearly equal between a default or passage the Reid-McConnell plan. Default is slightly ahead. The only plan with the votes itoday s default… The clock to Armageddon still ticks.
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